SAVING THE WORD FROM "CORPRUPTION"
HOW WE EACH CAN EASILY REDUCE IT
Tired of our treasury being looted, threats of the boogie man,
taxation without actual representation, deconstruction of the
constitution, civil rights and the pilars of freedom?
Let's end "Corpruption" (Corporate Corruption) together starting today:
Easy and legal way to weaken the corprupted oligarchy:
Use this rule of thumb when spending your money
If nothing else, just avoid the top dog.
- If you need to buy something,
- if it makes sense, buy local
- else, buy smaller, preferably regional,
- avoid the biggest company, China, etc.
- if you must buy from a giant corporation
- avoid the largest, most wealthy and influential
- if you don't have time to find out who's who...
- when in doubt, pull your money out
- when transparency is lacking
THAT'S IT! NOW GO SAVE THE WORLD FROM THIS KIND OF MASS DESTRUCTION:
Corrupt Oligarchy:
- The real weapon of mass distruction in all this is money, very big money.
Corpruption is our problem:
- recent example: http://seekingalpha.com/article/13639-price-fixing-scandal-plagues-bp-bp
- Corpruption of the Government: Congress:
- Given the level of funding from industry
(see http://opensecrets.org/politicians/summary.asp?CID=N00007360&cycle=2006)
BIG MONEY IS OUR PROBLEM:
Who really knows who's doing what. All we know is that who ever's pulling the strings is
doing lots of harm and there's plenty of circumstantial evidence that big money tied to
oligarchy we support with our purchases is behind most of the bad things we've seen in
the world:
Take Saudi Aradia, with ties to our Bush presidents, as just one example:
- Iraq war with Iran funded by Saudi Arabia and Kuwait
- Iraq wanted Saudi Arabia and Kuwait to
- forgive $80 billion Iran war funding debt (Iraq wasn't paying) and
- force OPEC to reduce oil production to force price up to $25/barrel
- (Kuwait) stop cross drilling into oil well under dispute
- Iraq gave Kuwait an ultimatum prior to invasion, with military already at the border
All of this chronicled in first and second pages of The Wall Street Journal
(See 1990 July 18, 25, 26. 30...see example excerpts below).
- Iraq let the world know it was going to invade and the US did nothing to stop it
- Iraq invaded Kuwait
- US drove Iraq out of Kuwait and invaded Iraq
- The next OPEC meeting gave Saudi Arabia all of Iraq's oil production quota, Iraq
got 0.
- Recent reports: 14 out of 71 pumps pumping in Iraqi oil fields.
- Who's getting the Iraqi oil money?
- ExxonMobile continues to amass record profits,
- Who will get Iran's quota when we invade?
- Iran has been blamed as the primary foreign supporter of insurgents in Iraq,
however, Saudi backed insergents have also been reported. And of coarse
many of the 9/11 hi-jackers where from Saudi Arabia.
- Wall Street Journal Front Page, July 18, 1990:
"Iraq's Hussein threatened to use force against orther Persian Gulf nations
if they keep driving down oil prices by exceeding output quotas. But oil
prices remain firm."
Page C14: "World Oil Prices Hold Steady" despite "pledges by Kuwait and the
United Arab Emerites to reduce production to quota levels. OPEC is
widely expected to freeze its production ceiling...Iraq President
Saddam Hussein, who has been aggressively pressuring Kuwait and the
Emirates to cut their overproduction, helped bolster world oil prices
again yesterday with new threats to deal with force with OPEC members
violating their production quotas.
'With Iraq flexing its muscles in OPEC, there is a return to the
policies of the early 1980's with the emphasis on prices rather than
on market shares,' said Perter Beutel, an oil specialist with Merrill
Lynch Futures."
Also on page C14: "Saudi Company Discovers More Light Crude Oil"
- Wall Street Journal, Top of Front Page, July 25, 1990:
"THE U.S. CONDUCTED a naval exercis in the Persian Gulf amid rising tensions.
Citing concern over an oil dispute between Iraq and Kuwait, the Pentagon
said U.S. warships had begun a 'short-notice' exercise with gulf forces
of the United Arab Emerites. Navy Secretary Garrett told a congressional
panel that U.S. ships were put on alert in the gulf. The Emirates have
been an implicit target of Iraq's complaints that some of its Arab
neighbors have been undercutting oil prices by exceeding their OPEC
production quotas. Kuwaiti sources said Iraq had massed 30,000 troops
and over 200 tanks along its border with Kuwait. OPEC ministers gathered
in Geneva for a strategy session."
OPEC QUOTAS:
http://www.opec.org/library/Annual%20Statistical%20Bulletin/interactive/2003/FileZ/XL/CEILING.HTM
OPEC CRUDE OIL PRODUCTION CEILING ALLOCATIONS
(Thousand Barrels per Day)
Apr83-Oct84 Nov84-Oct86 Nov-86 Dec-86 1H87 2H87 1988 1H89 Jul89-
Sep89
1 2 3 3 4 5 6 7 8
Algeria 725 663 669 669 635 667 667 695 733
Indonesia 1,300 1,189 1,193 1,193 1,133 1,190 1,190 1,240 1,307
IR Iran 2,400 2,300 2,317 2,317 2,255 2,369 2,369 2,640 2,783
Iraq 1,200 1,200 0 0 1,466 1,540 0 2,640 2,783
Kuwait 1,050 900 921 999 948 996 996 1,037 1,093
SP Libyan AJ 1,100 990 999 999 948 996 996 1,037 1,093
Nigeria 1,300 1,300 1,304 1,304 1,238 1,301 1,301 1,355 1,428
Qatar 300 280 300 300 285 299 299 312 329
Saudi Arabia 5,000 4,353 4,353 4,353 4,133 4,343 4,343 4,524 4,769
United Arab Emirates 1,100 950 950 950 902 948 948 988 1,041
Venezuela 1,675 1,555 1,574 1,574 1,495 1,571 1,571 1,636 1,724
OPEC 17,150 15,680 14,580 14,658 15,438 16,220 14,680 18,104 19,083
Oct89-Dec89 Jan90-
Jul90 Aug90-Mar91 Apr91-
Sep91 Oct91-
Jan92 Feb92-Sep92 Oct92-Dec92 Jan93-Feb93 Mar93-Sep93
9 10 11 12 13 14 15 16 17
Algeria 771 827 827 827 na 760 na 764 732
Indonesia 1,374 1,374 1,374 1,443 na 1,374 na 1,374 1,317
IR Iran 2,926 3,140 3,140 3,217 na 3,184 na 3,490 3,340
Iraq 2,926 3,140 3,140 0 na 505 na 500 400
Kuwait 1,149 1,500 1,500 0 na 812 na 1,500 1,600
SP Libyan AJ 1,149 1,233 1,233 1,425 na 1,395 na 1,409 1,350
Nigeria 1,501 1,611 1,611 1,840 na 1,751 na 1,857 1,780
Qatar 346 371 371 399 na 377 na 380 364
Saudi Arabia 5,014 5,380 5,380 8,034 na 7,887 na 8,395 8,000
United Arab Emirates 1,094 1,095 1,500 2,320 na 2,244 na 2,260 2,161
Venezuela 1,812 1,945 1,945 2,235 na 2,147 na 2,360 2,257
OPEC 20,062 21,616 22,021 21,740 23,650 # 22,436 24,200 # 24,289 23,301
Oct93-Jun96 Jul96-
Dec97 Jan98-Mar98 Apr98-Jun98 Jul98-
Mar99 Apr99-Mar00 Apr00-Jun00 Jul00- Sep00 1 Oct00-30Oct00
18 19 20 21 22 23 24 25 26
Algeria 750 750 909 50 788 731 788 811 837
Indonesia 1,330 1,330 1,456 70 1,280 1,187 1,280 1,317 1,359
IR Iran 3,600 3,600 3,942 140 3,318 3,359 0 3,727 3,844
Iraq 400 1,314 0 0 0 0 0
Kuwait 2,000 2,000 2,190 125 1,980 1,836 1,980 2,037 2,101
SP Libyan AJ 1,390 1,390 1,522 80 1,323 1,227 1,323 1,361 1,404
Nigeria 1,865 1,865 2,042 125 2,033 1,885 2,033 2,091 2,157
Qatar 378 378 414 30 640 593 640 658 679
Saudi Arabia 8,000 8,000 8,761 300 8,023 7,438 8,023 8,253 8,512
United Arab Emirates 2,161 2,161 2,366 125 2,157 2,000 2,157 2,219 2,289
Venezuela 2,359 2,359 2,583 200 2,845 2,720 2,845 2,926 3,019
OPEC 24,233 25,033 27,500 25,400 26,200
OPEC excl. Iraq 1,245 24,387 22,976
OPEC excl. Iraq & I.R.Iran 21,069
31 Oct00-Jan01 Feb01- Mar01 Apr01- Aug01 Sep01-Dec01 Jan02-Dec02 Jan04 Feb03-May03 Jun03-Oct03 Nov03-Dec03
27 28 29 30 31 32 33 34 35
Algeria 853 805 773 741 693 735 782 811 782
Indonesia 1,385 1,307 1,255 1,203 1,125 1,192 1,270 1,317 1,270
IR Iran 3,917 3,698 3,552 3,406 3,186 3,377 3,597 3,729 3,597
Iraq 0 0 0 0 0 0 0 0 0
Kuwait 2,141 2,021 1,941 1,861 1,741 1,845 1,966 2,038 1,966
SP Libyan AJ 1,431 1,350 1,296 1,242 1,162 1,232 1,312 1,360 1,312
Nigeria 2,198 2,075 1,993 1,911 1,787 1,894 2,018 2,092 2,018
Qatar 692 653 627 601 562 596 635 658 635
Saudi Arabia 8,674 8,189 7,865 7,541 7,053 7,476 7,963 8,256 7,963
United Arab Emirates 2,333 2,201 2,113 2,025 1,894 2,007 2,138 2,217 2,138
Venezuela 3,077 2,902 2,786 2,670 2,497 2,647 2,819 2,923 2,819
OPEC excl. Iraq 26,700 25,201 24,201 23,201 21,700 23,001 24,500 25,400 24,500
Notes on production ceiling allocations:
na Not available. 0 No production level allocated. # Including Ecuador and Gabon.
Ceiling as agreed at the
1 67th(Extraordinary) Meeting of the OPEC Conference, 14 March 1983
. No allocation for Saudi Arabia which will act as the swing producer. Venezuela: 1.7 mbd including condensates
. Nigeria: At the 70th Meeting of the OPEC Conference,10-11 July 1984 a temporary production rise to 1.4 mb/d
. and 1.45 mb/d was decided for August 1984 and September 1984, respectively
2 Nov84-Aug86: 71st(Extraordinary) Meeting of the OPEC Conference, 29-31 October 1984.
. Sep86-Oct86: 78th Meeting of the OPEC Conference,28 July to 5 August 1986
3 79th(Extraordinary) Meeting of the OPEC Conference, 6-22 October 1986, with the exception of Iraq
4 80th Meeting of the OPEC Conference, 11-20 December 1986
5 81st Meeting of the OPEC Conference, 25-27 June 1987
6 1H88: 82nd Meeting of the OPEC Conference, 9-14 December 1987, with the exception of Iraq
. 2H88: 83rd Meeting of the OPEC Conference, 11-14 June 1988, with the exception of Iraq
7 84th Meeting of the OPEC Conference, 21-28 November 1988
8 85th Meeting of the OPEC Conference, 5-7 June 1989
9 3rd Meeting of the Eight-Minister Monitoring Committee, September 23-27, 1989
10 86th Meeting of the OPEC Conference, 25-28 November 1989
11 Aug90-Dec90: 87th Meeting of the OPEC Conference, 26-27 July 1990
. 1Q91: 88th Meeting of the OPEC Conference, 12-13 December 1990
12 2Q91: 3rd Meeting of the Ministerial Monitoring Committee, 11-12 March 1991. Reservations were made by
. Algeria and I.R. Iran to the total OPEC production level. 3Q91: 89th Meeting of the OPEC Conference, 4 June 1991
13 4Q91: 4th Meeting of the Ministerial Monitoring Committee, 24-25 September 1991.
. Jan92: 90th Meeting of the OPEC Conference, 26-27 November 1991
14 Feb92-Jun92: 6th Meeting of the Ministerial Monitoring Committee, 12-15 February 1992. Reservations were made by I.R.Iran to
. the total OPEC ceiling and by Saudi Arabia to their allocated production level. 3Q92: 91st Meeting of the OPEC Conference,
. 21-22 May 1992. Reservations were made by I.R. Iran to the total OPEC ceiling and by Saudi Arabia to their allocated production
. level. The Conference also decided to allow for any additional production from Kuwait
15 9th Meeting of the Ministerial Monitoring Committee, 16-17 September 1992
16 92nd Meeting of the OPEC Conference, 25-27 November 1992 with full support of Member Countries, except Iraq and
. the allowance of additional volumes to Kuwait as they become available during the 1Q93
17 Mar93-Jun93: 10th Meeting of the Ministerial Monitoring Committee, 13-16 Feb 1993 with full support of Member Countries, except Iraq
. 3Q93: 93rd Meeting of the OPEC Conference, 8-10 June 1993 with full support of Member Countries, except Iraq and Kuwait
18 Oct93-Mar94: 94th(Extraordinary) Meeting of the OPEC Conference, 25-29 Sep 1993 with full support of Member Countries, except Iraq
. Apr94-Dec94: 12th Meeting of the Ministerial Monitoring Committee, 25-26 March 1994 with full support of Member Countries,
. except Iraq. Jan95-Dec95: 97th Meeting of the OPEC Conference, 21-22 November 1994
. 1H96: 99th Meeting of the OPEC Conference, 21-22 November 1995
19 2H96: 100th Meeting of the OPEC Conference, 5-7 June 1996. The remaining volume of 1.2 mb/d is to be supplied by Iraq
. 1H97:101st Meeting of the OPEC Conference, 27-28 Nov 1996 The remaining volume of 1.2 mb/d is to be supplied by Iraq.
. 2H97:102nd Meeting of the OPEC Conference,25-26 June 1997.The remaining volume of 1.2 mb/d is to be supplied by Iraq
20 103rd Meeting of the OPEC Conference, 26 Nov-1 Dec, 1997. The remaining volume of 1.31408 mb/d is to be supplied by Iraq
21 104th Extraord.Meeting of the OPEC Conference, 30 March 1998.Data reflect temporary production cuts till end 1998. Base: Feb98,
. OPEC excl. Iraq production (26.987 mbd) from selected secondary sources. Iraq is not called upon to participate in this agreement
22 105th Meeting of the OPEC Conference, 24 June 1998. Iraq is not called upon to participate in this agreement
23 107th Meeting of the OPEC Conference, 23 March 1999. Iraq is not called upon to participate in this agreement
24 109th Meeting of the OPEC Conference, March 27-29, 2000. Agreement of nine Member Countries
25 110th(Extraordinary) Meeting of the OPEC Conference, June 21, 2000. Iraq is not called upon to participate in this agreement
26 111th Meeting of the OPEC Conference, September 10-11, 2000. Iraq is not called upon to participate in this agreement
27 111th Meeting of the OPEC Conference, Sep10-11, 2000; including additional 500 tbd (price band mechanism) as announced by the
. OPEC President on Oct 30, 2000 and effective from Oct 31, 2000. Iraq is not called upon to participate in this agreement
28 113th (Extraordinary) Meeting of the OPEC Conference, January 17, 2001. Iraq is not called upon to participate in this agreement
29 114th Meeting of the OPEC Conference, March 17, 2001. Iraq is not called upon to participate in this agreement
30 OPEC Conference, July 25, 2001. Iraq is not called upon to participate in this agreement
31 1Q02: Announced during the 118th (Extraordinary) Meeting of the OPEC Conference, November 14, 2001 and confirmed its implementation
. during the Consultative Meeting of the OPEC Conference in Cairo, December 28, 2001. 2Q02, 3Q02 and 4Q02: Reconfirmed at the 119th,
. 120th and 121st Meetings of the OPEC Conference March 15, June 26 and Sep 19, 2002, respectively. Iraq is not called upon to participate
. in the agreements
32 122th (Extraordinary) Meeting of the OPEC Conference, December 12, 2002. Iraq is not called upon to participate in this agreement.
33 123rd (Extraordinary) Meeting of the OPEC Conference, January 12, 2003. Retained at the 124th Meeting of the OPEC Conference,
. March 11, 2003. Iraq is not called upon to participate in this agreement
34 Consultative Meeting of the OPEC Conference, April 24, 2003. Retained at the 125th(Extraordinary) and 126th (Extraordinary) Meeting of the
. OPEC Conference, June 11 and July 31, 2003, respectively. Iraq is not called upon to participate in this agreement
35 127th Meeting of the OPEC Conference, September 24, 2003. Retained at the 128th (Extraordinary) and 129th (Extraordinary) Meeting of the
. OPEC Conference, December 4, 2003 and February 10, 2004, respectively. Iraq is not called upon to participate in this agreement
http://web.ku.edu/keds/intro.dir/tableone.html
Table 1: Reuters Chronology of 1990 Iraq-Kuwait Crisis
July 17, 1990: RESURGENT IRAQ SENDS SHOCK WAVES THROUGH GULF ARAB STATES
Iraq President Saddam Hussein launched an attack on Kuwait and the United
Arab Emirates (UAE) Tuesday, charging they had conspired with the United
States to depress world oil prices through overproduction.
July 23, 1990: IRAQ STEPS UP GULF CRISIS WITH ATTACK ON KUWAITI MINISTER
Iraqi newspapers denounced Kuwait's foreign minister as a U.S. agent Monday,
pouring oil on the flames of a Persian Gulf crisis Arab leaders are struggling
to stifle with a flurry of diplomacy.
July 24, 1990: IRAQ WANTS GULF ARAB AID DONORS TO WRITE OFF WAR CREDITS
Debt-burdened Iraq's conflict with Kuwait is partly aimed at persuading Gulf
Arab creditors to write off billions of dollars lent during the war with Iran,
Gulf-based bankers and diplomats said.
July 24, 1990: IRAQ, TROOPS MASSED IN GULF, DEMANDS $25 OPEC OIL PRICE
Iraq's oil minister hit the OPEC cartel Tuesday with a demand that it must
choke supplies until petroleum prices soar to $25 a barrel.
July 25, 1990: IRAQ TELLS EGYPT IT WILL NOT ATTACK KUWAIT
Iraq has given Egypt assurances that it would not attack Kuwait in their current
dispute over oil and territory, Arab diplomats said Wednesday.
July 27, 1990: IRAQ WARNS IT WON'T BACK DOWN IN TALKS WITH KUWAIT
Iraq made clear Friday it would take an uncompromising stand at conciliation
talks with Kuwait, saying its Persian Gulf neighbor must respond to Baghdad's
"legitimate rights" and repair the economic damage it caused.
July 31, 1990: IRAQ INCREASES TROOP LEVELS ON KUWAIT BORDER
Iraq has concentrated nearly 100,000 troops close to the Kuwaiti border, more
than triple the number reported a week ago, the Washington Post said in its
Tuesday editions.
August 1, 1990: CRISIS TALKS IN JEDDAH BETWEEN IRAQ AND KUWAIT COLLAPSE
Talks on defusing an explosive crisis in the Gulf collapsed Wednesday when
Kuwait refused to give in to Iraqi demands for money and territory, a Kuwaiti
official said.
August 2, 1990: IRAQ INVADES KUWAIT, OIL PRICES SOAR AS WAR HITS PERSIAN GULF
Iraq invaded Kuwait, ousted its leaders and set up a pro-Baghdad government
Thursday in a lightning pre-dawn strike that sent oil prices soaring and world
leaders scrambling to douse the flames of war in the strategic Persian Gulf.